VANCOUVER, BC--(Marketwired - June 20, 2017) - Western Copper and Gold Corporation ("Western" or the "Company") (TSX: WRN) (
ANNUAL GENERAL MEETING
A total of 38,943,930 common shares were represented at the AGM, representing 40.95% of the votes attached to all outstanding common shares as at the record date. All of the matters submitted to the shareholders for approval as set out in the Company's notice of meeting and information circular, both dated May 4, 2017, were approved by the requisite majority of votes cast at the AGM.
Shareholders voted in favour of setting the number of directors at five (5) and elected all incumbent directors. The details of the voting results for the election are set out below:
| Director | Votes For | % For | Votes Withheld | % Withheld | |||||
| Dale Corman | 27,674,801 | 99.70% | 83,847 | 0.30% | |||||
| Robert Gayton | 27,701,356 | 99.79% | 57,292 | 0.21% | |||||
| Archie Lang | 27,642,010 | 99.58% | 116,638 | 0.42% | |||||
| David Williams | 27,655,042 | 99.63% | 103,606 | 0.37% | |||||
| Klaus Zeitler | 27,664,789 | 99.66% | 93,859 | 0.34% | |||||
Shareholders also approved the re-appointment of PricewaterhouseCoopers LLP as auditors of the Company for the ensuing year at the remuneration to be set by the directors.
The Company's report of voting results will be available on SEDAR (www.sedar.com), EDGAR (www.sec.gov/edgar.shtml), and on the Company's website.
CHAIRMAN'S MESSAGE
Dale Corman, Western's Executive Chairman, provides a brief company update and commentary on commodities and the flurry of activity in the Yukon in his Letter to Shareholders, which is available at www.westerncopperandgold.com/events/agm-2017.
"At the beginning of 2016 gold prices soared off of 2015 lows and Western's share price responded well. While there are a lot of analysts that are bullish on the direction of gold in 2017, it is the expected rise in copper prices that will provide the next major move in copper equities which includes Western Copper and Gold. Years of underinvestment in mine development; production decreases at some of the world's largest mines; renewed resource nationalization; and the imposition of export or mining bans are negatively impacting supply. Concurrently, demand continues to increase due to growth in developing countries, improved economic reports out of China and the US, as well as a worldwide push for "green" technologies. All these factors are leading to investors beginning to pay attention to the large looming copper supply gap. As evidence, late in 2016 we saw a quick rebound in copper prices as they rallied over $0.50 through $2.50 per pound; a first step in what we believe will be a sustained positive price movement throughout the remainder of 2017.
There is no hotter exploration jurisdiction than the Yukon right now. In May 2016, Goldcorp acquired Kaminak's Coffee Project, which is adjacent to the Casino deposit. Goldcorp's acquisition has spurred a number of majors to take positions in the area, with over half a dozen transactions by major companies in the surrounding territory since then."
ABOUT WESTERN COPPER AND GOLD CORPORATION
Western Copper and Gold Corporation is developing the Casino Project, Canada's premier Copper-Gold mine in the Yukon Territory. For more information, visit www.westerncopperandgold.com.
